Chipotle, Ruby Tuesday: Restaurant Winners & Losers

NEW YORK ( TheStreet) -- Stocks in the restaurant sector were in focus Thursday with Chipotle Mexican Grill ( CMG) and Ruby Tuesday ( CMG) leading the gainers thanks to favorable broker action and a strong earnings report.

Chipotle Mexican Grill shares jumped 2.6% to $226.80 ahead of midday after analysts from Piper Jaffray upgraded their rating on the fast-casual chain to overweight, from neutral. The firm had a $265 price target on Chipotle shares.